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284 Kindly Way Henderson, NV 89011

6 Beds 5 Baths 3,318 sqft Built 2017

$625,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $188.37
  • 3 Days on Market
  • MLS # : 2249719
  • Updated Date : 11/21/2020 at 09:09
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,318 sqft
  • Baths : 4 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Beautiful Multi-Gen home in the Cadence community of Henderson w/gorgeous pool/spa, sundeck, entertainment area and whole house solar! Lovely entry w/paver drive & 3 car garage. Gorgeous chef’s kitchen, upgraded SS appliances w/5 burner stove, custom cabinets, granite counters & walk-in pantry ~ The ultimate in “open concept”, kitchen overlooks dining & living area w/pocket glass doors to pool & elegantly landscaped backyard ~ A zen-like patio area for that early morning sunrise 1st cup of coffee or an evening glass of wine. The main bedroom w/ensuite bath has dual sinks, large walk-in closet w/vanity & make-up mirror. Custom steel stairway railing adds that modern touch to this elegant home, wired for surround sound, recessed lighting & upstairs laundry room. Community features include: Pool, 50 acre Central Park, Dog Parks, Splash Pads, Bike Trails & Lake Mead Recreation Area nearby. What a fabulous home for relaxation & enjoyment!

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k600k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801929

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,306
Property Tax -$470
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$625,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$42,791

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,920

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,920
$2,920
RENT COMPS ANALYSIS
  • 284 Kindly Way Henderson, NV 3
    • 6 beds 5 baths ∙ 3,318 Sqft ∙ Built 2017 6 beds 5 baths ∙ 3,318 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.88
    •  
  • 913 Via Stellato Street Henderson, NV 1
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 128 Rolling Cove Avenue Henderson, NV 2
    • 5 beds 4 baths ∙ 3,241 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,241 Sqft ∙ Built 2007
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
PROPERTY LISTING DETAILS
Christopher Patrick
1.702.372.8844
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249719
Last Updated: 11/21/2020
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